Approached by reporters in the legislature, Wu said the nation should not put too much emphasis on the “name” and “formality” of the consensus, adding that the point of the consensus was “not to deny or reject” different interpretations of the so-called “one China” principle by the two sides of the Strait.

“The consensus means that [both sides of the Strait] find commonality while respecting their differences,” he said.

Wu said China’s recent agreement to address the Taiwanese delegation to the Olympic Games as “Chinese Taipei” could also be viewed as a result of the consensus.

Wu said Yang’s speech should not fuel controversy as Yang did not publicly reject the consensus and “one China, different interpretations.”

Yang delivered a speech in Washington on Tuesday at the inauguration of the Kissinger Institute on China and the United States at the Woodrow Wilson International Center for Scholars.

Yang said the issue of Taiwan was “the most important and most sensitive issue” between China and the US.